Tether’s USDT surpassed $150 billion in circulating supply for the first time on May 12, 2025.
The stablecoin market has reached a record market capitalization of $242.81 billion, with USDT holding a 62% market cap.
A report by Citi predicts a 600% increase in stablecoin market cap by 2030, potentially surpassing the total market cap of all cryptocurrencies.
Stablecoin regulations remain a key factor in the growth of the market, with predictions suggesting stablecoin issuers could purchase up to $1 trillion of US treasuries by 2030.